Navigation

Bank of Mexico leaves benchmark interest rate unchanged at 8.25%

In line with the market expectation, Mexico's central bank, Banxico, announced its decision to keep the policy rate unchanged at 8.25%. Key takeaways from the policy statement (via Reuters) Board was unanimous on rate decision. Will pay special attention to uncertainty, pass-through of exchange rate on prices, relative monetary policy between Fed and Mexico. Balance of risks for inflation has upward bias in an environment of marked uncertainty. Even if inflation has accelerated the board believes this is transitory and current monetary policy stance is consistent with convergence of inflation towards target on policy ... (full story)